AH people, look at this table below, it’s clear that outside of the Philippines, foreign investors can own 100% of their businesses and land that using dummies are unnecessary while in the Philippines, foreign investors needs to hire a Filipino partner or dummy and 60% of initial capital or ownership shall go to latter because that’s what the Article XII, Section 10-11 of the 1987 Constitution says. Because of these restrictive and protectionist economic provisions of our Constitution, foreign investors are hesitant to invest in our country and the results are devastating, no much decent paying jobs results to high unemployment and underemployment that forces some of us Filipinos to work abroad for better paying jobs just to support our remaining families in the Philippines no matter what will happened to our remaining loved ones. Some Filipinos prefer to be work in a dangerous low-paying jobs like prostitution than to die in starvation and unemployed in the Philippines.
As long as this protectionist provisions in our Constitution still in place, my advice to all AH people who wanted to invest in the Philippines to shun our country and instead invest in Thailand, Malaysia, Vietnam or even in Indonesia because the Philippine government are corrupt extortionists from high to low level and never respects property rights because our Constitution never guaranties that.